2020-07-20
Forbes
Sources say ScaleFactor, which raised ~$100M to automate bookkeeping before blaming COVID-19 for its closure, used dozens of human accountants instead of AI
Kurt Rathmann told his big-name investors he had developed groundbreaking AI to do the books for small businesses. In reality, humans did most of the work. Tweets: @davidjeans2 , @dannygroner , @davi...
2020-06-25
Forbes
2 related
ScaleFactor, which developed a financial SaaS for automating bookkeeping tasks and raised ~$100M in 12 months, is shutting down after COVID-19 decimated sales
By the end of last year, software startup ScaleFactor had emerged as a buzzy financial services company, raising $100 million …
2019-01-17
Fortune
ScaleFactor, which develops finance software that automates bookkeeping tasks, raises $30M Series B led by Bessemer Venture Partners
Jeff John Roberts / Fortune : Thanks: @jeffjohnroberts
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